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[mapbox_api_key] => pk.eyJ1Ijoic3Rhcm9uZSIsImEiOiJjamsybzhoMWowdWFtM3JxeWQzY21rZXBlIn0.5rCZBE7OA5bmCliw-wQXkw [facebook_pixel_id] => [facebook_page] => [team_rs_vanitykey] => [bannerads] => 0 [config] => stdClass Object ( ) [editBlock] => aw_re_content [moduleName] => blog [controllerName] => index [actionName] => index [frames] => ) ) [type] => -> [args] => Array ( [0] => indexAction ) ) [19] => stdClass Object ( [file] => /usr/share/php/Zend/Controller/Front.php [line] => 954 [function] => dispatch [class] => Zend_Controller_Dispatcher_Standard [object] => stdClass Object ( ) [type] => -> [args] => Array ( [0] => stdClass Object ( ) [1] => stdClass Object ( [headersSentThrowsException] => 1 ) ) ) [20] => stdClass Object ( [file] => /usr/share/php/Zend/Application/Bootstrap/Bootstrap.php [line] => 105 [function] => dispatch [class] => Zend_Controller_Front [object] => stdClass Object ( ) [type] => -> [args] => Array ( ) ) [21] => stdClass Object ( [file] => 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Monthly Archives: October 2016

American Dream, average sale price, buy now, buyers, buying home, Cincinnati, Cincinnati Board of Realtors, Cincinnati housing, Greater CIncinnati Homes, Hamilton County, home price, home prices, homeownership, Homes, homes for sale, homes sales, house for sale, houses for sale, MLS Listings

Greater Cincinnati Home Sales Remain Strong!

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Greater Cincinnati Home Sales Remain Strong!
Average Price and Closings Continue to Climb
September home sales remained strong, up 5.00 % compared to a robust September a year ago. September home sales were 2,362 compared to 2,250 in September 2015. For the first nine months of 2016, home sales are up almost 6.4% over the first nine months of 2015.  “Being a very stable and affordable housing market, Greater Cincinnati continues its upward sales trend,” said Patti Stehlin, President of the Cincinnati Area Board of REALTORS®. “Our closings in September have been their highest since 2005,” said Stehlin.

The average home price climbed to $191,078 compared to $176,257 a year earlier, a + 8.41 % increase. At the same time, the inventory of homes for sale, as of September 30, continued its year-over-year declining trend to 6,447 from 8,438 a year ago, down – 23.6 %.

“Our average price of homes has been at record highs. Our low inventory coupled with low interest rates and consumers ready to purchase make this a very active market that continues to drive the prices higher. Remember, homes that are priced right and that are in move-in ready condition are the properties that are selling quickly,” said Stehlin.

Local home mortgage rates in September averaged 3.45% for a 30-year fixed rate loan. The rates were higher at 3.84% a year ago. At these fixed rates, the monthly principal and interest payment on a $100,000 home loan with no money down would be approximately $446.

“Consumers need to contact a REALTOR to help guide them through all the important details involved in buying and selling a home. A REALTOR will assist you through the entire process, and is your absolute best source for professional and accurate information,” said Stehlin.

Call a real estate professional !! Call a REALTOR today!

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